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Florida Mobile home loans w/land

Florida Manufactured Home Loan

FHA mortgage loans offer Florida manufactured home seekers several options for for manufactured home loan financing for a mobile home with land. The stark reality is, with annual double digit appreciation on housing and payroll lagging behind at 3% or less, traditional stick built homes are more and more becoming far out of reach of the Florida Home Buyer. FHA home loans provide an opportunity for Florida homebuyers to get into a great manufactured home and land package with as little as 3.5% down payment. FHA Recognizing the trends and knowing that manufactured homes offer great value with terrific per square foot pricing that today's traditional Florida homes simply can't match. Purchasing a Florida manufactured home and land package is not as hard as you think. Because the Federal housing administration, FHA insures private Florida mortgage lenders against loss, you get a better deal.

Years ago, mobile homes were considered substandard and were not held in high regard by those who owned one. Today's manufactured home sure has gone a long way to changing that opinion. Many offer great amenities that would cost you tens of thousands of dollars more to achieve with a traditional block home. Better still, today's mobile homes are actually built to a higher standard than those required for traditional block homes. For instance, on the Florida coast including Key West, FL  it is not uncommon to see a 1800 square foot middle class home on the market for over $300,000.00 dollars. A savvy Florida buyer can purchase a quarter acre lot outside of Tampa, FL and put a 2000 square foot manufactured home for a package price of around $100,000.00 with typically far more featured built into their home. Now that's buying up and a perfect option for Florida First Time Buyers!

Historically, mobile homes were considered a poor investment for the mortgage market because of home depreciation concerns. After 40 years of data, this has simply been shown to be inaccurate. The typical mobile home loan secured by a manufactured home tied to land appreciates using the same principles one applies to traditional stick built homes: Supply and demand. That's why we believe a quality land and mobile home mortgage package is really a good investment.

 

About the Author

Thomas Martin
Providing Manufactured home loan financing in Florida.

http://www.fhamortgageprograms.com/mortgage/manufactured-homes.shtml

http://www.fhamortgageprograms.com/faq/mobile-homes.shtml

Can you build an additional removable (if needed) room on to a mobile home in a mobile home park?

We live in a mobile home (trailer house) that was built in 1968. The dimentions are 12X60 with two doors on one side. It already has 2 bedrooms and 1 bathroom. Is it possible to add on a room to what is now the back door and since it is indeed a mobile home in a mobile home park(on a rented lot) it cannot be permanent. Is there any way to make it removable if needed, but still viable as a bedroom. How would you go about doing this if it is possible at all? Can you kind of make a lean to maybe? Does anyone have any advice? Thanks a lot.

From what you say dosent sound like it would be legal.. every county from state to state has different zoning and code regulations.. you would have to check yours specifically.. but i doubt it would be legal...

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